for more information visit the festival website. everyone's after a piece of the arctic's mineral treasury the best scientific minds come together in moscow to make sure that exploration doesn't lead to exploitation. one can stand alone russia's prime minister vladimir putin. we must cooperate in resolving some of the quotas issues at the moscow forum join me in the national poll more on the main highlights of the forming just. world leaders are wrapping up tough talks and new yorkers president obama calls for iran to come clean over its atomic ambitions. big political messages are sent out from the one as the general unravels need to work but our summer leaders turning the events into. all the latest updates from the big apple just ahead in the program. other volatile martial

arts fighter with extremist views is seeking political solomin norway after escaping from a russian psychiatric facility last month. just joined us you're watching the news channel for the top story today and it has some of the most harsh conditions on the planet but the arctic is also among the most desirable it's untapped resources or oil and gas are proving to be a great source of temptation for several northern countries and that's why the best scientific minds and politicians have been here in moscow trying to ensure cutthroat competition doesn't destroy conservation. reports tonight. one of the hottest issues surrounding one of the world's called us regions is territorial

claims at the moment several arctic states including russia canada the united states danmark and no way port for what their claims and i'm trying to prove the rise to the most of reach which is believed to contain as much as a quarter of the world's untapped undiscovered natural resources so a very lucrative piece of pie the question is how this pie is going to be divided and who gets what russia's stance is that they need to rhetorical disputes should be resolved through dialogue and it demonstrated an example of the power of dialogue with norway when recently signed an agreement with these arctic state which put an end to almost a four decade dispute of. boundaries and the many point to this agreement as an example of how similar to rhetorical conflicts could be resolved in the future the prime minister today said that any atoll coper war over here is battle over the ice cap of the world are exaggerated to say the least but he says

that every arctic state and russia in the first place as the world's largest arctic country can and should protect and protect its strategic interests in the north pole while russia's go into research work to provide data behind its territorial claims but the should be done and there should be no disputes otherwise the price of any dispute surrounding this very delicate region is high. but what is to stop it is that we have to hear some futuristic forecasts predicting a battle for the arctic are responsible analysis shows the majority of the frightening scenarios on the future of the arctic have no grounds whatsoever their goal is to provoke clashes among the arctic states and so that those who make the predictions can fish for something in the murky waters but i am absolutely sure that all the. just two problems including the ones over the continental shelf can be resolved in

a manner of partnership and according to the warmer climate change has led to the use the ice is shrinking and now access to natural resources is getting easier but the problem is are the countries going to ensure that there would be another disaster similar to that which happened in the gulf of mexico because with its specific very delicate environment like in the arctic case even a small or even a small accident could lead to much more serious consequences. for more of the arctic territorial claims and so knows all about that is more than one carries an analyst on russia. and politics for a norwegian and consultancy firm thanks for being with us on the line from oslo tonight's appreciate it prime minister putin is eager to point out that co-operative talking will head off any future conflict over the arctic hopefully but with such mineral wealth in the region is that really possible well i think it's important to keep in mind when you talk about. huge mineral wealth

and you mentioned that some believe that as much as a quarter of of the world's undiscovered not a natural resource or three sources are in the arctic i think it is important to stress that these these researchers or the size of these resources are are extremely uncertain. and in addition to that. the be commercially ality of arctic resources is also a very uncertain issue because. it's it's far north it's technically very very. challenging to extract those resources and it's far to markets so so it's really no one really knows much is at stake in the arctic but it must hurt. but there must be a pretty good bet on it because a lot of countries are concerned. yes i think.

yes there is there is a conflict of tension of course it's because it's it's a question about not only getting access to the resources to the potential resources but it's also a question about. ceding seeding what you believe is a. legitimate national territorial claims so yes there is the conflict potentially and we already will really see the potential that but i still tend to believe. that the uncertainties are so big. that we we won't i agree with mr porter i don't think we will see any armed conflict over resources in the arctic or trying to head off any conflict just last week russia or norway put an end to a decades old territorial dispute there to what extent do you see that mirrored with all the other nations who is taking a plane if adventure more testing goes on and there's a good school of thought to say that there is

a huge energy resource under that ice. it is difficult to sort of to see to what extent the disagreement between and between or in russia is affleck also to two other conflicts in the arctic we must remember the. scene in retrospect the. timing was really good for for the agreement between between or when russia the norwegian government has has had an arctic strategy quite quite high on their agenda for the last few years and this was really a success story for for the norwegian government at least in russia it hasn't been maybe hold as much. as it has been in norway norway i think it's almost unanimously believed that this is this was a victory that we actually managed to get this agreement in russia there might be they have sort of downscale dear the entire entire event maybe out of fear

a fear of getting criticized criticized by the fact that they're there in some way ceding territory to what extent this. well i think it's might show that russia is actually interested in solving its territorial disputes but that i'm i would be i would be very careful to say that this that this could also be. or that we can see. that it would be easier to solve the other conflicts i would be i would be careful that's going to interesting you point to watch over the coming weeks months years but. from the norwegian engineering. thank you very much. the largest form of world leaders is culminating with nearly two hundred nations rounding off the un general assembly but in the past few hours president obama again told the assembly that or rather needs to woken up over its nuclear program he also praised the progress made on cutting nuclear weapons with russia. has got

more now from new york. it's ironic that barack obama was supposed to make a speech earlier today at a certain time and he was actually elite apparently because of the traffic and it's interesting that he did focus largely on the middle east how more for the process can we mean when it comes to the relationship between these release and palestinians however it was noted that these really delegation seats were empty while barack obama was making a speech at the assembly hall a very important issue that he focused on was the issue of nonproliferation and he did praise the fact that russia and the united states were able to sign the new start treaty and he did say that he hopes this issue can continue to move forward with iran as well saying that the doors are for dialogue are still open if iran agrees to have an open relationship with the international community to as we pursue the world's most dangerous to extremists. we're also denying them the world's most dangerous weapons and pursuing the peace and security of

a world without nuclear weapons we have joined with russia to sign the most comprehensive arms control treaty in decades and here at the united nations we came together to strengthen the nuclear nonproliferation treaty. as part of our effort on nonproliferation. i offered the islamic republic of iran an extended hand last year and underscored that it has both rights and responsibilities as a member of the international community iran is the only part of the n.p.t. that cannot demonstrate the peace the peaceful intentions of its nuclear program. and those actions have consequences we are expecting that mahmoud ahmadinejad is also addressing the united nations general assembly today but in the last couple of days he has definitely been playing a lot of mind games with the international community saying that yes in iran is

ready for dialogue and saying that if the united states continues pushing iran and possibly attacks its uranium facilities there might be a war kicked off so really a lot of mixed messages from the reunion president and when he gives his speech today we're going to have to wait and see if that turns into a traditional theatrical or maybe a step forward will be made but many analysts are really not predicting that any substantial information and messages will come out of after dinner and speech it's important to mention that protests are taking place today lots and lots of protesters gathering since the morning so definitely going to dish out is trying to steal the show yet again yesterday was an important day when the need to rush out council meeting took place because the secretary general of nato was saying that it's important for russia and the alliance to build a closer relationship when it comes to joint security he has been calling in these last couple of days for a joint missile defense plan between russia and nato saying that both russia and

nato really need each other. so ahead for the program tonight as the euro gears up to kick the chrome from the still while the two farms are whether the old big stage is actually reading from a chick. emotional champion who escaped from a russian psychiatric hospitals turned up in norway where he's pleading to be allowed to stay extreme nationalists vicious love that sick has a history of violence and showed up at immigration officials sort of takes up the story. and. he could no longer hide not long after his escape from the psychiatric facility in st petersburg. six has emerged in norway where he handed himself paper to authorities asking them to grant him political asylum and that i think you've been. fighting with them there were a. day as well as highs of the last this party this loving

this grabbing the attention. wearing a t. shirt with a swastika and carrying a loaded gun he turns himself and he makes a right equinox calling for the ugly to die and praising his slavic god for a party members have openly supported his as. he called me several hours before that video was made and said he was going to turn himself in i replied that it was up to him he thanked me for supporting him murder threats assault and robbery and an alleged psychotic breakdown placed in high security psychiatric can but after he transferred to a low security facility he made light work of escaping whipping up a wire fence of his hands he simply walked away the doctors a dissing him too intimidated to intervene serious questions have been raised as to how exactly a psychiatric patient managed to escape and to make it out of russia without being caught but. it's funny they tell us that he's totally insane and all he does

a scream in reply to any question however he managed to cross to borders and he brought his weapon along i know one member of the slav again who originally came from his bank a stone he asked for political asylum and was granted a residence visa i'm not sure what will happen with datsik but anything is possible . now under arrest in norway the former fight his fate hangs on whether he'll be extradited back to russia to political asylum. a mask a. norwegian t.v. reporter told us the people there asking how an armed psychotic patients could get into their country so easily in the first place. oh that's a very good question everybody here asks the same thing of course a lot a lot of illegal immigrants come to norway every single day it's not that hard to get into norway is such a high profile person the videos of him are on you tube and internet and pictures

of him and he's a high profile person he likes the attention just like now in court he stood up and made the nazi salute to all the journalists that was there and he wanted the court to be open and then he argued for that the court proceedings should remain open for obviously he does get a lot of attention here from the public i think most people the general public. would like him to be sent back to run through as possible and there is of course a fear that the right extremist environment in norway will grow up again we have had some very very bad incidents in the past with murders and church burnings and so on and nobody wants to return to that state russia's given poland war than twenty volumes of documents detailing the mass killing of polish officers in the soviet union in the one nine hundred forty s. it's part of moscow's fourteen year long investigation into the massacre thousands of imprisoned poles are executed in the canteen forest near smolensk russia is

since acknowledged that socket forces were responsible for the deaths but poland still wanted further investigation into the incident this is the second hand over of evidence relating to the case following warsaw's calls for legal assistance the . vice president's been wounded in a grenade attack on his house alexander and wasn't seriously injured in the bombing which the country's leader said was aimed at destabilizing the republic because it was a small nation the cases on the eastern shore of the black sea in the early ninety's after the collapse of the soviet union it fought a war for its independence from georgia then after the georgian a set in conflicts in two thousand and eight the country's independence was recognized by russia and other countries georgia still considers a cars either part of its territory. international news in brief pressure is mounting on officials in delhi as more countries delay their arrival for the commonwealth games in india new zealand along with calendar in scotland of perspire on their travel plans to the event it all comes after indian organizers faced

criticism over poor accommodation for athletes and the collapse of a foot bridge which injured twenty seven workers the games are due to begin next week with local officials insisting the facilities will be completed on time. a u.n. investigation is concluded israel's military broke international morals during a raid on a guards of band aid flotilla in may the report describes the violence that left nine dead as disproportionate that israel insists the soldiers were acting in self-defense it all happened after commandos boarded the six ship congo as it tried to breach an israeli naval blockade of gaza. hundreds of thousands of people in france are protesting against plans to raise the retirement age from sixty to sixty two public transport an air traffic are being hit by the twenty four hour stoppage while over two hundred protests are planned to try and force a government rethink however parliament is expected to pass the law over these years from struggles to slash its budget deficit. dystonia is gearing up to become the first country from the former soviet union to adopt the euro the new year will

see the new currency adopted a move being hailed by the country's politicians as historic but with the single european currency on shaky ground right now many a stone in fear the joining the club could lead to financial uncertainty top part reports. a day at the market an experience you live fears will become considerably more expensive the impending arrival of the single currency cock up which now as a regular housewife i am against the doctrine of the euro because with that adoption prices for basic groceries such as sugar potatoes and carrots will go up on january the first stone it will become the seventeenth country to join the euro area it's taken years of economic reform and government spending cuts to get here we need to keep inflation low but this means also we need to keep our salaries low and cannot have. high growth we need

and that's why according to my understanding the timing of joining gehrels own is not a court it's an exhibition to mark the euro countdown politicians and economists came together to convince the estonian public of the currency's virtues that. as late as the spring of two thousand and nine europe was skeptical of a dystonia joining the euro zone but the attitude changed within half a year and people started to see a store near as a prospect maybe even a good example for the eurozone. however such tough measures are because a stonier joined other baltic states in over leverage in their economies sacrificing long term stability for short term growth after latvia estonia became the second most severely affected e.u. member state in terms of output decline the severity of the just moment revealed that the period of rapid output growth was to some extent also a period of imbalance growth and economic overheating despite

a painful struggle to get it here to stand in government has brought the euro to its people's doorstep. first only and more than other countries the crown represents something uniquely cherished by its people because of a short eighteen year. history independence both political and economic but i would like to express my appreciation for the story and chrome we should be proud of for a country and their nation many estonians feel this mistake but many also say they can accept its disappearance if the loss of control over their country's financial instruments really worries them. when we get the euro will be hostage of this to billy g. or instability of the whole you are system. meaning that paying for those groceries in the stone year could become a whole lot harder tom bottom party. keep ahead as ever of what's happening by logging on to our website always plenty of. the fact that story you saw one of them

also tonight as nationalism gains ground through europe far right austrians edge towards regional power this coming weekend on a wave of anti islam is a report online tonight. and read a group of vigilantes online fighting for love in india these commanders have taken it upon themselves to protect newlyweds tell them not against their parents' wishes it's a dangerous business they're fine on the back story at r.t. dot com. absolutely i would like to work alongside the world's most wanted terrorist coming up here on r.t. after the latest business misha. hello welcome to the business program with may show it was folly gold prices are at all time highs near thirteen hundred dollars per ounce many analysts expect the rally to continue which is seen prices rise thirty six percent since the beginning

of the year seen as a hedge against economic uncertainty gold has been one of the best performing asset classes throughout the financial crisis to mccutcheon c.e.o. at a vocal gold explains people are taking into account the overall situation in the global economy clearly as a whole the global economy is not doing as well as i think i would like and so what gold is doing is basically acting as an insurance policy if you will on future economic concerns uncertainty what also is doing of course local always does traditionally is act as a real absolute way of storing wealth i suppose the nominal value such as national currencies i think the gold still has legs i think it's going to go higher although the reality is a goal has been going up now since over ten years or so but i don't say that gold's going to go higher lightly i really think it will because i see massive amount of money printing throughout the world not only in the u.s. it's the other places too for example the bank of japan just intervened on their currencies essentially devaluing the currency and so all of these things taken into account basically mean that been a nominal value of gold which is what we see on our screens every day is going to

go higher so you can if you can has a way it's going to get over. now in other news the russian government believes it will be able to achieve zero budget deficit sometime soon after two thousand and thirteen but prime minister putin says this will be dependent on generate an income from other sources the rule materials. we will continue to decrease our budget deficit in the future or two thousand and thirteen the deficit will be less than three percent of g.d.p. . zero deficit judging by the changes that happened this year it could happen quickly first of all to balance the budget we count you want economic growth it's quality development and we need not just the revenues you. time now to have a look at the markets and here in moscow the boards of the post thursday session in a narrow range that follows losses earlier in the day along with trends in the global markets as worries it grew over the pace of economic recovery energy majors

were the main driver home more than one percent in the r.t.s. bucking the trend they were bad bank which closed up one point nine percent. now the world bank's private sector lending on international finance corporation is to buy a fifteen percent stake in a creative financial one hundred million dollars ahead of its i.p.o. accrete is an emerging its commercial and investment banks into a single lender before a potential i.p.o. early two thousand and twelve very courageous plans to raise three hundred seventy five million dollars to fund expansion and acquisitions i.f.c. already owns a quarter of one of the creature major shareholders patrol it also invested two point four billion dollars in russia its second biggest investment worldwide providing financing for banks health care i will coach a telecommunications a manufacturing. carbon trading was one of the key elements of the character

protocol to reduce greenhouse gas emissions say russia offers tremendous potential for carbon trading as it ran up a huge carbon deficit at the beginning of the decade when industrial production was low earlier i spoke to michael wilkins head of carbon markets at standard and poor's explained how the trading system works and what it's worth in russia. essentially carbon trading is when one country trades carbon reductions with another one so if you reduce the amount of greenhouse gas that you put into the atmosphere you can sell that reduction to another country for profit and the same as any other commodity in that respect the only big difference is that it's very strictly regulated under the kyoto protocol above united nations so it is essentially a commodity market it's worth around one hundred forty four billion dollars a year in terms of global trading and most of the activity is in the european emissions trading scheme other countries are increasingly selling credits into the

trading scheme including russia is there is it possible to make money from it there is a possibility to make money essentially if you reduce the amount of carbon you put into view there and you invest money to do so and you earn a carbon credit that carbon credit can then be sold at a profit into an emissions trading scheme so it is possible to make money out of your hair not scared for conference the carbon markets and investment and left as they say shit what potential it does russia offer for. what russia at the moment is and bought on a major milestone in terms of its carbon trading activity it's just approved the first fifteen and mission reduction projects under scheme stands for joint implementation those fifteen projects account for somewhere in the region of thirty seven million tonnes of carbon reductions and they are going to be solved into the international market now while that's not a huge amount of carbon reduction we're talking about three hundred seventy million euros in terms of the value compared to hundred forty four billion overall globally

it's still an important start for russia we've been waiting for four years to get to this stage and more importantly russia is now going to carry on ten more more projects under j.i. and the estimated value of the market for russia is somewhere in the region of two point seven billion euros on the sumption of it it generates one hundred billion tonnes of carbon reduction per year. and that show up there for this hour you can always find most stories on our website auto call flash business.

a close up came has been to the our hangal screen. where the first russian fleet was born. omar to goes to the area which holds tom position in oil and gas resources. where the biggest russian salmon cammy are processing factories located . and where unique species of form form a can be found. under the sun coming region. should close up on our t.v. . news today violence is once again flared up. these are the images the world has

been seeing from the streets of canada. china corporations are on the day. you know. because of the internet. this history still keeps its secrets but now it's time to reveal the hidden in the soviet files house on the embankment and oxy.